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Home Depot Invests in Property Maintenance Company Homee

Home Depot has partnered with a growth equity firm to invest $11 million in Homee, an on-demand property maintenance company, the Tampa Business Journal reports.

Homee, based in Tampa, Florida, launched in July 2016 and “uses GPS-enabled smartphone technology to link customers and property maintenance service providers, including electricians, plumbers, HVAC technicians and handymen,” according to the article.

“Homee is a category-leading, on-demand property maintenance platform that is changing the way homeowners and property managers find, contract, and pay for qualified heating and air conditioning, plumbing, electrical, and general handyman services,” Homee co-founder and CEO Doug Schaedler says in a statement.

The company’s services are available to homeowners and commercial property owners, including office complexes, restaurants, condominiums and apartments.

This is not Home Depot’s first investment in technology in 2018. Earlier this month, the company announced it would spend $11 billion on “internal improvements,” including the construction of more distribution centers.  In April, the company launched its “biggest tech hiring spree ever” to attract more than 1,000 new tech workers to its ranks.

About Todd Taber

Todd is trends editor for Hardware Retailing magazine. He graduated from Indiana University where he majored in journalism and French. Throughout his career, he has aimed to highlight small businesses and their community value. He joined NRHA in 2017.

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